Restaurant
Burger King
503 MS-16, Carthage, MS 39051
Listing Price: $1,946,903
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 503 MS-16 in Carthage, Mississippi. The site consists of roughly 3,063 rentable square feet of building space on estimated 2.46-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on July 18th, 2018 and has more than 15 years remaining. The current annual rent is $110,000 and is scheduled to increase by 10% every five years and in each of the 4, 5-year renewal options.
Listing Price: $1,946,903
Investment Highlights
- Long Term Lease | More than 15 Years Remaining on an Original 20-Year Lease
- Triple Net (NNN) Lease with Zero Landlord Responsibilities
- Operated by Carrols Restaurant Group (NASDAQ: TAST), one of the Largest Restaurant Companies and Franchisee's in the United States
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Burger King located at 503 MS-16 in Carthage, Mississippi. The site consists of roughly 3,063 rentable square feet of building space on estimated 2.46-acre parcel of land. This Burger King is subject to a 20-year absolute triple-net (NNN) lease, which commenced on July 18th, 2018 and has more than 15 years remaining. The current annual rent is $110,000 and is scheduled to increase by 10% every five years and in each of the 4, 5-year renewal options.
